Current Affairs Quiz-September, 2020

Notes:
Leading Private sector bank of India, ICICI Bank has launched an exclusive programme for start-ups named ‘iStartup2.0’.
Under this programme, a Current Account can be created for new businesses that are up to ten years old seamlessly. The Bank has integrated its APIs with the website of the Ministry of Corporate Affairs (MCA) and the account number is obtained at the time of incorporation.

Notes:
The Government of India has set up a Panel for assessment of relief to borrowers.
It is a 3-member panel headed by Rajiv Mehrishi, who is the former Comptroller and Auditor General of India. The panel will measure the impact of the pandemic related restrictions on Indian economy and also study the viability of waiving interest on interest on the pandemic-related moratorium.

Notes:
The Department for Promotion of Industry and Internal Trade (DPIIT) has recently released the States’ Start-up Ranking Framework 2019.
As per the ranking, Gujarat has been named as the best performer among states and Andaman & Nicobar Islands has been named as the best performer in the category of Union Territory. Karnataka and Kerala emerged as the Top performers. The framework is based on 7 broad reform areas.

Notes:
Every year on September 14th, India celebrates “Hindi Diwas”(Hindi Day).
On Sep 14, 1949 Hindi became the official language of the nation. This decision was ratified by the Constitution on January 26, 1950. Hindi written in the Devanagari script has been adopted as the official language Under Article 343 of the Indian Constitution.

Notes:
The Union External Affairs Minister S Jaishankar represented India and co-chaired the ASEAN-India Ministerial Meeting.
The meeting was held in a virtual mode. The meeting was participated by Foreign Ministers of the 10 ASEAN Member countries and India. During the meeting, a new ASEAN-India Plan of Action (2021-2025) was adopted.

Notes:
The Phase-III of Back to Village (B2V) programme has been announced by Jammu and Kashmir administration to commence from October 2 for a period of 10 days.
Phase-I of the programme was launched to understand the people’s grievances. The phase 2 focused on the devolution of powers to Panchayats in the Union Territory. The phase 3 aims at grievance redressal.

Notes:
The state government of Gujarat has signed a Memorandum of Understanding (MoU) with the Small Industries Development Bank (SIDBI).
Under this deal, the state aims to increase self-reliance and provide capacity building and market support to the 35 lakh Micro-small-medium enterprises (MSMEs) of the state. Earlier, Rajasthan had partnered with SIDBI to develop MSME ecosystem.

Notes:
World Ozone Day or ‘International Day for the Preservation of the Ozone Layer’ is observed on September 16 all over the world.
Vienna Convention for the Protection of the Ozone Layer was adopted and signed by 28 countries, on 22 March 1985. The theme of this year is ‘Ozone for Life’. This year also marks the 35th year of the Vienna Convention and 35 years of global ozone layer protection.

Notes:
The World Trade Organization (WTO) has ruled that tariff barriers (additional tariffs) imposed by USA in 2018 on Chinese goods is inconsistent with international trading norms.
This has come as a severe blow to the US administration. The ruling was pronounced by a 3-member panel of WTO, against the USD 200 billion in levies imposed by USA on a range of Chinese goods in 2018.

Notes:
India’s central Bank, t he Reserve Bank of India has issued draft guidelines on Interest Rate Derivatives (IDRs).
IRDs are contracts whose value is derived from one or more interest rates, prices of interest rate instruments, or interest rate indices. RBI has allowed foreign portfolio investors (FPIs) to undertake exchange traded rupee IRD transactions subject to an overall ceiling of Rs.5,000 crore.